Providence Portal is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2629). With a population of 6, the suburb has an older demographic with a median age of 55. Households earn a median income of $85K per year, with an average household size of 2 people.
The median house price in Providence Portal is $1.4 million, having surged 723.5% over the past year. The current median weekly rent is $520. This gives a gross rental yield of approximately 1.9%.
The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Providence Portal offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 16.6x is considered stretched. House prices have moved +723.5% year-on-year.
Providence Portal is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2629). With a population of 6, the suburb has an older demographic with a median age of 55. Households earn a median income of $85K per year, with an average household size of 2 people.
The median house price in Providence Portal is $1.4 million, having surged 723.5% over the past year. The current median weekly rent is $520. This gives a gross rental yield of approximately 1.9%.
The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Providence Portal offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 16.6x is considered stretched. House prices have moved +723.5% year-on-year.